This is what I bought a few months ago and its been a jolly good ride for all the 1024 euros I paid for it. (through work, net price, no taxes
Of course, it has a slight viewing angle and brightness/contrast issues with some very dark materials, but generally it has been great and I can recommend it.
More about the contrast thingie... Metroid prime 2 for example seemed unplayable at first because the image was so dark but when I bought component cable for my gc (not easy to get, big story for another time), the situation got a whole lot better with crispier image, though in the deepest dark world places I still had to change visors to see properly but that might be as planned by the gamedevs too
That LG page doesn't seem to address the hd specs of the particular tv at all though so... it has two component ypbpr ins to handle hd material, it is compatible with 720p and 1080i, both of which seem to work nicely with games as tested with my xbox. In fact, I have only tested mx vs atv and xbox homebrew port of quake 2 so far, but today I will test MLB2005. (Finally, how come it takes so long to get good baseball action around here?)
The former two are 1080i games while MLB is 720p only.
If you want 1080p though, you will need to look elsewhere.